Markets Outlook

Does Ethereum have a funding crisis?

On today's Markets Outlook, Protocol Guild Organizer Trent Van Epps tells CoinDesk's Jennifer Sanasie why the Ethereum Foundation's subtraction philosophy is creating a critical funding gap for core developers, what it will take to fill it, and why he's still optimistic about ETH's future.

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Timecodes:

00:00 - Trent Van Epps Joins Markets Outlook

00:57 - Why Trent Left the Ethereum Foundation

01:55 - What Is Subtraction and Why It Matters

02:31 - 20% Workforce Cuts and the Funding Gap Explained

05:09 - Options for Solving the Funding Crisis

07:06 - Will Ethereum Lose Its First Mover Advantage?

08:40 - What Happens If the Funding Doesn't Come?

10:47 - What Institutions Should Replace the EF?

12:24 - Ethereum’s Future

14:37 - ETH the Asset: The Misconceptions and the Opportunity

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Check out CoinDesk's latest episode of Public Keys from the NYSE: https://youtu.be/mePmjknvBVc

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To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp.

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This episode was hosted by Jennifer Sanasie.

Arthur Hayes on his HYPE position, AI bubble, and the new Fed Chair.

On today's Markets Outlook, BitMEX Co-Founder and Maelstrom CIO Arthur Hayes tells CoinDesk's Jennifer Sanasie why all roads still lead to money printing, how long the AI bubble has left, and why he has zero regrets about publicly selling his HYPE position. Plus, his reaction to Michael Saylor's Bitcoin stress test.

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Timecodes:

00:00 - Arthur Hayes Joins Markets Outlook

01:30 - Arthur’s Reaction to Michael Saylor News and Strategy Business Model

02:59 - When Does the AI Bubble Burst?

03:56 - New Fed Chair Warsh's Task Forces & What It Really Means

06:58 - Uniswap & Standard Chartered's $100 Price Target

08:06 - Responding to the HYPE Selloff Drama

09:24 - HYPE vs. SOL: Which Wins?

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For more commentary from Arthur Hayes:

IG - https://www.instagram.com/cryptohayes/

LinkedIn - https://www.linkedin.com/in/arthur-hayes-b493b42/

Substack - https://cryptohayes.substack.com/

Web: https://www.cryptohayes.com

X - https://x.com/cryptohayes

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Maelstrom Fund:

LinkedIn: https://www.linkedin.com/company/maelstromfund 

Web - https://www.maelstrom.fund 

X - https://x.com/maelstromfund 

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Check out CoinDesk's latest episode of Public Keys from the NYSE: https://youtu.be/75LrBmSScvY

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To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp.

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This episode was hosted by Jennifer Sanasie.

The bug that tanked ZEC with Josh Swihart.

On today's Markets Outlook, ZODL CEO Josh Swihart joins CoinDesk's Jennifer Sanasie to break down the Zcash vulnerability discovered with the help of AI, including how it was found, fixed, and what it means for the protocol's future. Plus, he weighs in on privacy coins vs. government pushback, formal verification as the new security standard, and why Zcash is more battle-hardened than ever.

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Timecodes:

00:00 - Zcash Bug Found by AI After Four Years

03:26 - What Went Through Josh’s Mind When He Found Out

04:47 - Could the Bug Have Been Exploited?

05:47 - How the Bug Helps the Zcash Ecosystem

07:27 - Zcash vs. Other Privacy Protocols

09:54 - Will Governments Push Back on Privacy Coins?

11:45 - Formal Verification and Finding Future Vulnerabilities

14:08 - What Other Protocols Can Learn from This

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Check out CoinDesk's latest episode of Public Keys from the NYSE: https://youtu.be/zn3D_adn6nI

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Register now for CoinDesk’s Policy and Regulation event on September 24, 2026: ⁠https://policy-regulation.coindesk.com/⁠.

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This episode was hosted by Jennifer Sanasie.

Market convictions with Helius' Mert Mumtaz.

On today's Markets Outlook, Helius CEO Mert Mumtaz tells CoinDesk's Jennifer Sanasie why he's tuning out the noise and staying convicted on Zcash, Solana, BTC and Hyperliquid. Plus, he weighs in on the Arthur Hayes drama, the Clarity Act, and why Bitcoin's transparency is actually a long-term vulnerability.

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Timecodes:

00:00 - Institutional Capital Rotating into AI IPOs

01:53 - Met's 'Shield and Chill' Strategy

04:29 - Responding to Arthur Hayes Selling HYPE and NEAR positions

08:44 - Mert's Zcash Thesis

13:00 - Solana as the "Silicon Valley of Finance"

15:43 - Hyperliquid Thesis

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Check out CoinDesk's latest episode of Public Keys from the NYSE: https://youtu.be/Nlp1QLZx0r0

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Register now for CoinDesk’s Policy and Regulation event on September 24, 2026: https://policy-regulation.coindesk.com/.

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This episode was hosted by Jennifer Sanasie.

Altcoins have lost the plot with Scott Melker.

In today's Markets Outlook, Scott Melker, Host of Wolf of All Streets, tells CoinDesk's Jennifer Sanasie why altcoins have lost the plot, what's really driving the weird market we're all feeling, and why Bitcoin is still the only bet he's making long-term. Plus: are prediction markets, tokenized equities, and "private Bitcoin" just hype?

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Timecodes:

00:00 - Scott Melker Joins Markets Outlook

01:38 - Why Bitcoin Is Underrated

03:59 - Is Crypto Recreating the System It Was Built to Fight? 

06:08 - Scott’s Bitcoin Origin Story

08:04 - Why This Market Feels Impossible to Read

10:07 - How Prediction Markets Killed the Altcoin Casino 

13:33 - Teaching His Kids About Bitcoin and AI in a Complicated World

16:22 - AI Tokens and Zcash Outlook

18:33 - Zcash as Privacy Bitcoin: “It Makes Me Want to Puke”

19:46 - Scott's Bitcoin Price Outlook for the Rest of the Year

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This episode was hosted by Jennifer Sanasie.

Unpacking Hyperliquid's ATH with Michaël van de Poppe.

In today's Markets Outlook, Michaël van de Poppe, Founder and CIO of MN Capital and MN Fund, joins CoinDesk's Jennifer Sanasie to share why Hyperliquid is hitting new all-time highs. He makes the case for NEAR and Bittensor as undervalued AI crypto plays compared to overhyped tech IPOs, and explains why he's steering clear of privacy coins like Zcash. Plus, his key macro signals to watch over the next four to six weeks.

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Timecodes:

00:00 - What Michaël Is Watching in the Markets?

01:47 - Why European Traders Are Flocking to Hyperliquid

02:59 - HYPE Price Target & HYPE vs. Solana

05:09 - Responding to CME, ICE Regulatory Scrutiny of HYPE

07:27 - Are Altcoins Dead?

08:59 - The Case for NEAR Over AI IPOs

10:43 - Why Bittensor Could Reach $1,000-$2,000

12:48 - Privacy and Zcash

16:33 - Macro Outlook: Yields, the Fed, and What's Next

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This episode was hosted by Jennifer Sanasie.

At Consensus Miami, BitMEX co-founder and Maelstrom CIO Arthur Hayes joins CoinDesk Live to break down why AI-driven layoffs could create the next banking crisis and how bitcoin is already pricing it in. He also shares his updated BTC price target, his conviction bet on Hyperliquid, and why he thinks crypto regulation misses the point entirely.

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00:00 - Q1 No-Trade Zone and What Changed Arthur's View

02:34 - AI Layoffs, Over-Leveraged Economy, and the Coming Banking Crisis

04:57 - Why the Fed Is Missing the Problem and What Bitcoin Is Signaling

06:09 - Crypto Regulation, the CLARITY Act, and Why Arthur Doesn't Care

08:29 - Bitcoin $125K Target and the Money Printing Thesis

09:26 - Hyperliquid, Hype $150 by August, and Why Trading Apps Win

15:23 - Prediction Markets, Zcash, and Why Altcoins Will Never Die

MoonPay's newest acquisition and the launch of MoonPay Institutional.

Just announced, MoonPay is acquiring Sodot and launching MoonPay Institutional, a new division bringing professional-grade crypto infrastructure to banks, asset managers, and trading firms. MoonPay's Chief Legal Officer and Chief Administrative Officer, Caroline Pham, joins CoinDesk's Jennifer Sanasie on Markets Outlook to explain the thesis behind the deal and why end-to-end blockchain infrastructure is now table stakes for institutions.

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Timecodes:

00:00 - What's Behind the Sodot Acquisition and What to Expect From MoonPay Institutional

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This episode was hosted by Jennifer Sanasie.

BTC's $1M prospects and Bitwise's Avalanche ETF with Matt Hougan.

In today's Markets Outlook, Bitwise CIO Matt Hougan joins CoinDesk's Jennifer Sanasie to make the case for $1 million bitcoin, breaking down why institutional demand is still just getting started and how global geopolitical chaos is actually accelerating crypto's rise as an apolitical currency. He also unpacks Bitwise's new Avalanche ETF (BAVA), what investors need to know about staking ETFs, and why Hyperliquid is forcing institutional players to rethink weekend trading.

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Timecodes:

00:00 - Bitwise's Matt Hougan Joins Markets Outlook
01:13 - Do We Need Another Bitcoin ETF?
05:53 - Matt's Take on the Quantum Threat to Bitcoin
07:30 - Geopolitical Chaos Is a Catalyst for Bitcoin
12:16 - What It Will Take to Reach $1M Bitcoin
13:28 - Bitwise's Avalanche ETF (BAVA)
16:15 - What Investors Need to Know About Staking ETFs
17:36 - Why HYPE is Appealing to Investors
 19:16 - What Happens if Bitcoin Breaks $75,000?

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This episode was hosted by Jennifer Sanasie.

What quantum means for Satoshi's bitcoin with Project Eleven CEO Alex Pruden.

Two recent landmark papers dramatically shortened the timeline for a quantum threat to blockchain security. Project Eleven CEO Alex Pruden joins CoinDesk's Jennifer Sanasie on Markets Outlook to break down what it means for Satoshi's bitcoin, why 35% of all bitcoin is already exposed, and what can actually be done to protect holdings right now.

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Check out CoinDesk’s latest research report as part of the Definitive Stablecoin Landscape Series, commissioned by Ripple: https://www.coindesk.com/research/the-definitive-stablecoin-landscape-series-north-america

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Timecodes:

00:00 - What You Need to Know About Quantum Computers
03:16 - The Breakthrough Papers Challenging the Quantum Timeline
04:59 - The 9-Minute Bitcoin Attack Window Explained
06:33 - Could a Quantum Computer Exist by 2030 and Can We Catch Up?
10:37 - Who's At Risk?
13:22 - Satoshi's Bitcoin and the $150B Question
17:00 - National Security Implications
19:56 - Predicting How the Quantum Risk Plays Out
21:46 - What Is the Cost of Migrating to Post-Quantum Cryptography?
24:51 - Are Institutions Paying Enough Attention?
28:06 - What You Should Know About Quantum Going into Consensus Miami 2026

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This episode was hosted by Jennifer Sanasie.